STRATEGY PROOF AND PRIVACY PRESERVING FAIR ALLOCATION MECHANISM*

Ning Sun and Zaifu Yang

The Japanese Economic Review, 2009, vol. 60, issue 2, 143-151

Abstract: We study a fair division problem with indivisible objects such as jobs, houses and one divisible good like money. It is required that each agent be assigned with exactly one object and a certain amount of money. Agents are assumed to have quasi‐linear utilities in money but their reservation values over the objects are private information. A dynamic mechanism is proposed that induces all agents to act honestly rather than strategically and assigns the objects with money to agents efficiently and fairly; at the same time it achieves privacy protection for the agents.

Date: 2009
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